Patten & Patten Inc. TN Grows Stake in iShares Bitcoin Trust ETF $IBIT

Patten & Patten Inc. TN grew its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 183.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,499 shares of the company’s stock after buying an additional 13,261 shares during the quarter. Patten & Patten Inc. TN’s holdings in iShares Bitcoin Trust ETF were worth $1,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IBIT. Goldman Sachs Group Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 80.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after purchasing an additional 13,731,993 shares during the period. Mubadala Investment Co PJSC lifted its stake in shares of iShares Bitcoin Trust ETF by 6.0% in the 1st quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock valued at $408,510,000 after purchasing an additional 491,439 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $408,082,000. Crcm LP lifted its stake in shares of iShares Bitcoin Trust ETF by 4.7% in the 1st quarter. Crcm LP now owns 3,154,810 shares of the company’s stock valued at $147,677,000 after purchasing an additional 142,685 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd purchased a new position in shares of iShares Bitcoin Trust ETF in the 1st quarter valued at approximately $133,168,000.

iShares Bitcoin Trust ETF Stock Performance

IBIT opened at $61.43 on Friday. The business has a 50 day moving average of $65.24 and a 200-day moving average of $60.86. iShares Bitcoin Trust ETF has a 52 week low of $37.09 and a 52 week high of $71.82.

About iShares Bitcoin Trust ETF

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.